Steele, MN County is an affordable place to live with a two bedroom rent of only $940 compared to $1,430 in the United States. Grocery costs also tend to be more affordable in Steele County with an index score of 96 compared to 100 in the US. The area offers many businesses that help support the local economy such as Midwest Auto Plaza, Walz Craft Manufacturing Corporation, and Young America Corporation. These companies contribute to lower unemployment rates and residents are guaranteed a variety of employment options. All these factors make Steele County an attractive place for people looking for a balance between good job opportunities and reasonable cost of living.
Steele County has an unemployment rate of 4.9%. The US average is 6.0%.
Steele County has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Steele County
- The Sales Tax Rate for Steele County is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Steele County is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Steele County
- The average income of a Steele County resident is $36,897 a year. The US average is $37,638 a year.
- The Median household income of a Steele County resident is $73,468 a year. The US average is $69,021 a year.